We can't sell stocks off a budget deficit when rates are going lower, says Jim Cramer

Market Performance - The market experienced significant gains with the Dow increasing by 617 points, the S&P 500 jumping 85%, and the Nasdaq climbing 72%, all closing at record highs [1] Investor Sentiment - There is a prevailing skepticism among investors, particularly those who have historically been bearish, making it difficult for them to adopt a bullish stance despite positive market movements [2][3] - The challenge in shifting from a negative to a positive outlook is compounded by the historical context of market crashes and the fear of being ridiculed for optimistic predictions [4] Economic Context - The current economic backdrop includes a substantial federal debt of $37 trillion and geopolitical tensions, which contribute to a cautious investor sentiment [5] - Ongoing conflicts, such as the war in Ukraine and Gaza, along with strained international relations, add to the complexity of the market environment [6] Interest Rates and Inflation - Despite a slightly higher than expected consumer price index, Treasury yields decreased, which has puzzled skeptics who believe that such inflation readings should lead to higher yields [7]